Many of the recent changes in the taxation of buy to let rental businesses do not apply to property businesses that qualify as furnished holiday lettings (FHL). In particular the restriction on
If your pension savings exceed the annual pension input limit (generally £40,000) then there is an annual allowance charge. The effect of the annual allowance charge is to reduce tax relief on
Increase your Pension Savings before 6 April 2018 to reduce payments on account. Unfortunately investing more in your pension now will not reduce your 2016/17 tax liability, however if you invest before 6
Before 6 April 2018, individuals may invest in companies that qualify under the Enterprise Investment Scheme (EIS) and treat that investment as having been made in 2016/17. The tax relief is 30%
Making Tax Digital (MTD) for VAT is scheduled to start in April 2019 which means that your VAT information needs to be submitted to HMRC digitally. On 18 December 2017, HMRC published
Useful Names, Addresses and Telephone Numbers This post is just one part of a 12-part guide to setting up a new business. Download the full business set-up guide to discover everything you need
Computer Accounting Systems for First Time Users This post is just one part of a 12-part guide to setting up a new business. Download the full business set-up guide to discover everything you
Diary of main tax events - January / February 2018 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months including key deadlines
Indexation allowance was introduced in the 1970s to provide relief from paying tax on inflationary gains based on increases in RPI. The relief was abolished in 1998 for individuals and trusts, and
These are the suggested reimbursement rates for employees' private mileage using their company car from 1 December 2017. Where there has been a change the previous rate is shown in brackets. Engine
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